A statement released earlier today by Wedbush about Huntington Banc (NASDAQ:HBAN) bumps the target price to $12.00
- Updated: October 6, 2016
Having a price of $10.16, Huntington Banc (NASDAQ:HBAN) traded 0.20% higher on the day. With the last close up 4.98% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Huntington Banc has recorded a 50-day average of $9.79 and a two hundred day average of $9.68. Volume of trade was down over the average, with 9,731,722 shares of HBAN changing hands under the typical 12,793,500
Stating a potential upside of 0.18%, Wedbush upped the price target of Huntington Banc (NASDAQ:HBAN) to $12.00
With a total market value of $0, Huntington Banc has price-earnings ratio of 13.03 with a one year low of $7.83 and a one year high of $11.87 .
A total of 27 analysts have released a research note on HBAN. Six brokerages rating the company a strong buy, five analysts rating the company a buy, seventeen brokers rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $11.13.
Brief Synopsis About Huntington Banc (NASDAQ:HBAN)
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services. It operates through five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. The Company offers commercial and industrial loans, commercial real estate loans, automobile loans, home equity loans, residential mortgage loans and other consumer loans. It offers demand deposits-noninterest-bearing, demand deposits-interest-bearing, money market deposits, and savings and other domestic deposits.
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